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百思买（BBY）与MSC INDUSTRIAL DIRECT CO INC（MSM）财务数据对比。点击上方公司名可切换其他公司
百思买的季度营收约是MSC INDUSTRIAL DIRECT CO INC的10.0倍（$9.7B vs $965.7M）。MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs 1.4%，领先3.9%）。MSC INDUSTRIAL DIRECT CO INC同比增速更快（4.0% vs 2.4%）。MSC INDUSTRIAL DIRECT CO INC自由现金流更多（$7.4M vs $-287.0M）。过去两年MSC INDUSTRIAL DIRECT CO INC的营收复合增速更高（0.6% vs -18.7%）
百思买是总部位于美国明尼苏达州里奇菲尔德的跨国消费电子零售商，1966年由理查德·舒尔茨与詹姆斯·惠勒创立，最初是名为「音乐之声」的音频产品专卖店，1983年正式启用现名，业务重心转向消费电子零售领域。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
BBY vs MSM — 直观对比
营收规模更大
BBY
是对方的10.0倍
$965.7M
营收增速更快
MSM
高出1.6%
2.4%
净利率更高
MSM
高出3.9%
1.4%
自由现金流更多
MSM
多$294.4M
$-287.0M
两年增速更快
MSM
近两年复合增速
-18.7%
损益表 — Q4 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $9.7B | $965.7M |
| 净利润 | $140.0M | $51.8M |
| 毛利率 | 23.2% | 40.7% |
| 营业利润率 | 2.0% | 7.9% |
| 净利率 | 1.4% | 5.4% |
| 营收同比 | 2.4% | 4.0% |
| 净利润同比 | -48.7% | 11.1% |
| 每股收益（稀释后） | $0.66 | $0.93 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BBYMSM
| Q4 25 | $9.7B | $965.7M | ||
| Q3 25 | $9.4B | $978.2M | ||
| Q2 25 | $8.8B | $971.1M | ||
| Q1 25 | $13.9B | — | ||
| Q4 24 | $9.4B | $928.5M | ||
| Q3 24 | $9.3B | — | ||
| Q2 24 | $8.8B | $979.4M | ||
| Q1 24 | $14.6B | $935.3M |
净利润BBYMSM
| Q4 25 | $140.0M | $51.8M | ||
| Q3 25 | $186.0M | $56.5M | ||
| Q2 25 | $202.0M | $56.8M | ||
| Q1 25 | $117.0M | — | ||
| Q4 24 | $273.0M | $46.6M | ||
| Q3 24 | $291.0M | — | ||
| Q2 24 | $246.0M | $71.7M | ||
| Q1 24 | $460.0M | $61.8M |
毛利率BBYMSM
| Q4 25 | 23.2% | 40.7% | ||
| Q3 25 | 23.2% | 40.4% | ||
| Q2 25 | 23.4% | 41.0% | ||
| Q1 25 | 20.9% | — | ||
| Q4 24 | 23.5% | 40.7% | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 23.3% | 40.9% | ||
| Q1 24 | 20.5% | 41.5% |
营业利润率BBYMSM
| Q4 25 | 2.0% | 7.9% | ||
| Q3 25 | 2.7% | 8.6% | ||
| Q2 25 | 2.5% | 8.5% | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 3.7% | 7.8% | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 3.5% | 10.9% | ||
| Q1 24 | 3.8% | 9.7% |
净利率BBYMSM
| Q4 25 | 1.4% | 5.4% | ||
| Q3 25 | 2.0% | 5.8% | ||
| Q2 25 | 2.3% | 5.9% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 2.9% | 5.0% | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 2.8% | 7.3% | ||
| Q1 24 | 3.1% | 6.6% |
每股收益（稀释后）BBYMSM
| Q4 25 | $0.66 | $0.93 | ||
| Q3 25 | $0.87 | $1.02 | ||
| Q2 25 | $0.95 | $1.02 | ||
| Q1 25 | $0.55 | — | ||
| Q4 24 | $1.26 | $0.83 | ||
| Q3 24 | $1.34 | — | ||
| Q2 24 | $1.13 | $1.27 | ||
| Q1 24 | $2.11 | $1.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $923.0M | $40.3M |
| 总债务越低越好 | $1.2B | $214.1M |
| 股东权益账面价值 | $2.7B | $1.4B |
| 总资产 | $16.8B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资BBYMSM
| Q4 25 | $923.0M | $40.3M | ||
| Q3 25 | $1.5B | $56.2M | ||
| Q2 25 | $1.1B | $71.7M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $643.0M | $57.3M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.2B | $25.9M | ||
| Q1 24 | $1.4B | $22.2M |
总债务BBYMSM
| Q4 25 | $1.2B | $214.1M | ||
| Q3 25 | $1.2B | $168.8M | ||
| Q2 25 | $1.2B | $285.0M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $289.9M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | $299.8M | ||
| Q1 24 | $1.2B | $294.5M |
股东权益BBYMSM
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | $1.4B | ||
| Q1 24 | $3.1B | $1.4B |
总资产BBYMSM
| Q4 25 | $16.8B | $2.5B | ||
| Q3 25 | $15.3B | $2.5B | ||
| Q2 25 | $14.1B | $2.5B | ||
| Q1 25 | $14.8B | — | ||
| Q4 24 | $17.0B | $2.5B | ||
| Q3 24 | $15.6B | — | ||
| Q2 24 | $14.8B | $2.5B | ||
| Q1 24 | $15.0B | $2.5B |
负债/权益比BBYMSM
| Q4 25 | 0.44× | 0.16× | ||
| Q3 25 | 0.43× | 0.12× | ||
| Q2 25 | 0.42× | 0.21× | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 0.38× | 0.21× | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.37× | 0.21× | ||
| Q1 24 | 0.38× | 0.21× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-99.0M | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $-287.0M | $7.4M |
| 自由现金流率自由现金流/营收 | -3.0% | 0.8% |
| 资本支出强度资本支出/营收 | 1.9% | 2.3% |
| 现金转化率经营现金流/净利润 | -0.71× | 0.57× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流BBYMSM
| Q4 25 | $-99.0M | $29.4M | ||
| Q3 25 | $749.0M | — | ||
| Q2 25 | $34.0M | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $-256.0M | $101.9M | ||
| Q3 24 | $661.0M | — | ||
| Q2 24 | $156.0M | $143.5M | ||
| Q1 24 | $1.2B | $78.7M |
自由现金流BBYMSM
| Q4 25 | $-287.0M | $7.4M | ||
| Q3 25 | $574.0M | — | ||
| Q2 25 | $-132.0M | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $-449.0M | $81.7M | ||
| Q3 24 | $478.0M | — | ||
| Q2 24 | $4.0M | $114.0M | ||
| Q1 24 | $997.0M | $53.4M |
自由现金流率BBYMSM
| Q4 25 | -3.0% | 0.8% | ||
| Q3 25 | 6.1% | — | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | -4.8% | 8.8% | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 0.0% | 11.6% | ||
| Q1 24 | 6.8% | 5.7% |
资本支出强度BBYMSM
| Q4 25 | 1.9% | 2.3% | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 2.0% | 2.2% | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 1.7% | 3.0% | ||
| Q1 24 | 1.2% | 2.7% |
现金转化率BBYMSM
| Q4 25 | -0.71× | 0.57× | ||
| Q3 25 | 4.03× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 13.14× | — | ||
| Q4 24 | -0.94× | 2.18× | ||
| Q3 24 | 2.27× | — | ||
| Q2 24 | 0.63× | 2.00× | ||
| Q1 24 | 2.57× | 1.27× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
